Estate creation buying property not so easy

Estate creation buying property not so easy as there are many problems from selecting a property to finalising at the end.

In developed cities, getting space had become a big thing. Nowadays after selecting a property, verification may take long time.

After all you get a decent land and build a independent house, what would be the rent?

Purchase of land and construction would have costed around Rs. 85,00,000/- to Rs. 1.25 Crores for a three bedroom independent home. A 3 bedroom flat in Bangalore at a posh locality may get you rent Rs. 40,000/- or Rs. 50,000/- but the housing loan emi may be a aroud Rs. 85,000/- to Rs. 1,00,000/-.

If the buyer is building for himself then no need to worry. Incase, Owner is looking for a Rental income, there are many things like :

Stamp duty

Registration charges

Taxes

Property Tax

Brokerage

Society Charges

Monthly Maintenance

Bank processing charges

collecting rent,

maintenance charges,

white wash every 2 to years,

Government Property tax every year etc.,

Simple calculation, your investment may fetch not more than 3 to 5% returns per annum.

I would recommend buyers to go for an investment in virtual estate creation and get tax free interest/rent ( whatever you consider ) credited to your Bank account every month without much difficulties. You may live in any part of the World, start an Investment and get guaranteed returns directly to your Bank account every month.